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203-205 W Pike St 1,750 - 3,500 SF of Retail Space Available in Covington, KY 41011
HIGHLIGHTS
- Outstanding Walkability
- Live, Walk, Play Location
- Ample Public Parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,750-3,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
1st floor divisible 1,750 - 3,500 SF Entire building also available for lease 7,000 SF
- Fully Built-Out as Standard Retail Space
- Fits 5 - 28 People
- Ample City Parking. Frontage Divisible
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,500 SF | Property Subtype | Storefront Retail/Residential |
| Min. Divisible | 1,750 SF | Gross Leasable Area | 7,000 SF |
| Property Type | Retail | Year Built/Renovated | 1900/1985 |
| Total Space Available | 3,500 SF |
| Min. Divisible | 1,750 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 7,000 SF |
| Year Built/Renovated | 1900/1985 |
ABOUT THE PROPERTY
Prime retail/office space available for lease. 1st floor divisible 1,750 - 3,500 SF Entire building also available for lease 7,000 SF Rare vacancy located close to Hotel Covington, Braxton Brewery, and Hannaford. With plenty of foot traffic and repeat visitors to the area, visibility is high in one of the most sought after spaces in Covington. Rent Subsidy Incentive Snapshot: Rent Subsidy Incentive: 50% reimbursement of monthly rent (up to $500) for 12 months. To be eligible, must have a minimum of a 2-year lease and 1 FTE. Offered 4 x/year. Next deadline is 1/31/26. This is a competitive incentive meaning there are no guarantees its awarded. Job Development Incentive: Partial reimbursement of Covington’s payroll tax for half the lease term with the second half a retention period. Max term is 10 years. For example, five years would be an incentivized period, and 5 years would be retention period. Must have a minimum of $250,000 payroll to be eligible. $1000 application fee if offer is accepted. Commissioners vote and approve all incentives.
NEARBY MAJOR RETAILERS
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203-205 W Pike St
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